State Bank of India

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State Bank of India Sustainability Profile

State Bank of India is not currently tracking sustainability.

State Bank of India (SBI) is India's largest bank with a comprehensive approach to environmental, social, and governance (ESG) initiatives. The bank has developed an ESG Financing Framework and publishes detailed ESG reports to provide insights into its sustainability performance. SBI has been recognized with the WSBI-ESBG SDG Award 2025 for its leadership in sustainable banking practices.

About State Bank of India

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State Bank of India Sustainability Actions

Green Bonds and Green Loans

SBI issues Green Bonds to finance renewable energy, solar energy, and sustainable mobility projects, assessing borrowers on ESG criteria.

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ESG Financing Framework

SBI established an ESG Financing Framework (Version 2.0, March 2025) to guide sustainable financing decisions across the organization.

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WSBI-ESBG SDG Award 2025

SBI received recognition for its leadership in sustainable banking practices through the WSBI-ESBG SDG Award 2025.

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State Bank of India Sustainability Commitments

2027

Scope 2 Emissions Reduction

Reduce Scope 2 emissions by 50% by FY 2027 (Baseline FY 2019).

2030

Carbon Neutrality Achievement

Achieve carbon neutrality by 2030.

2025

ESG Official Upskilling

Focus on upskilling officials to drive bank-wide ESG initiatives with particular focus on scope management.

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About State Bank of India

  • Status
  • Unverified

Sustainable Development Goals

State Bank of India is committed to advancing these Global Goals to promote prosperity for people & planet.

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This information references https://www.sbi.co.in/ and was sourced on 19/07/2023. Is this your business? Suggest an edit

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